Prior planning to increase Gers stake

14 June 2013 11:46

A London-based City investor who has bought a 1.2 per cent stake in Rangers has vowed to buy even more shares.

Kieran Prior on Thursday purchased 785,000 shares in the club at a cost of almost £400,000. The 34-year-old former Goldman Sachs trader now hopes to increase his stake and has attempted to reassure worried fans by insisting he has only the club's best interests at heart.

He told the Daily Record: "I can confirm I've purchased 1.2 per cent of the club and I plan to increase my stake in the next 24 hours, subject to supply."

He added: "I've put my money where my mouth is. I understand the scepticism by fans around my appearance on the scene, given the way they've been mistreated in the past. However, it's my aim to instil a degree of confidence among the supporters and I've done what I said I would do.

"I've heard a lot of good soundbites but no effective planning and education of the fans.

"I'm no knight in shining armour but now I can look inside the club and ask questions to which the fans deserve answers to."

Prior, who has cerebral palsy and has been disabled since birth, is originally from Salford but now based in London. He is now one of the most significant individual shareholders in the club.

He has one of the highest IQs in the world and now runs private equity firm Pri Arc. He joins the list of Rangers shareholders following weeks of uncertainty behind the scenes at Ibrox.